Potential investment implications of IFRS 9 on bond and equity investment strategies like hedge accounting and derivatives.
Long-term Capital Market Assumptions 2017 Theme-Credit cycles
Markets, economy, stocks, growth, global, fixed income, international, asset classes
What investors should consider
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
While tariffs remain a concern, the key issue is the degree���which we deem moderate���of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding
David Kelly, the Fed, interest rates
Equity markets experienced welcome respite in January, after a torrid end to 2018.
An alternative risk premia strategy is itself more diversified than a diversified growth fund or an all-equity portfolio.